Wheat price faced the EMA50 again and bounced bearishly from there, to keep the bearish trend scenario valid and active for today, supported by stochastic negativity, depending on the price stability below 654.00, reminding you that our targets begin by breaking 644.20 to confirm opening the way to head towards 629.40 as a next main station.

The expected trading range for today is between 640.00 support and 655.00 resistance.

The expected trend for today: Bearish

Sugar price fluctuates at the intraday bearish channel’s resistance, noticing that stochastic begins to lose the positive momentum, waiting to motivate the price to resume the bearish trend that targets 15.55 mainly, reminding you that the continuation of the bearish wave requires holding below 16.20.

The expected trading range for today is between 15.55 support and 16.00 resistance

The expected trend for today: Bearish

Soybean price tests the first key resistance 1405.00 now, and as we mentioned this level and below 1414.00 to keep the correctional bearish scenario valid for the upcoming period, which targets 1373.00 initially, taking into consideration that breaching the mentioned resistance levels will push the price back to the main bullish track and achieve targets that start at 1454.00.

The expected trading range for today is between 1380.00 support and 1405.00 resistance.

The expected trend for today: Bearish

Corn price bounced upwards clearly after testing 528.00, which leads the price to resume the main bullish trend, on its way to test 546.00 as a first station, waiting for more rise for the rest of the day unless breaking 528.00 and holding below it.

The expected trading range for today is between 530.00 support and 545.00 resistance.

The expected trend for today: Bullish